The global aviation is facing an unprecedented crisis due to the outbreak of COVID-19, affecting people and industries worldwide. As governments around the world have put in place measures to curtail the spread of the infection, airlines have substantially reduced flights globally, leading to significant changes in bookable flights and airfare prices.
At Infare, we want to give our partners an open assessment of the overall outlook as we see it with our data.
Through the careful analysis of our data and the development of the unique market trends visual analytics tool by our exclusive partner Air Cube, we have been able to draw insights on how markets have adjusted their traffic and prices, at a global, regional and local level. We will also look at how airlines seem to be preparing for a progressive ramp-up of their flights and adapted pricing as the confinement measures will progressively be lifted over time.
May 20, 2020
- We see a significant drop of bookable flights falling by >80% for the week of 21 May 2020 compared to the same period last year.
- In our previous observations, bookable fights were returning to a similar number observed in 2019 by mid-July, with a progressive ramp-up observed starting from the week of 28 May.
- Now, we see bookable flights returning to a normal level mid-July, with similar numbers for the week of 9 July to 12 November 2020 compared to the same period last year, but with a ramp-up starting the week of 2 July 2020.
- Prices remain globally lower than the same period in 2019, by 9%, even after mid-July, when the number of bookable flights goes back to normal.
Our unique market trends are built with a rich sample of bookable airfares collected from 835 traffic-intensive airport pairs worldwide and 72 major carriers. These airfares are observed week after week for a six-month departure window; this will remain consistent during the entire period of observations to secure its insights accuracy. Flights and prices are observed from a region to all destinations worldwide.
Since the crisis is dynamic, giving limited visibility on its duration and final consequences, it is important to note that the purpose of this analysis is to present facts and indicators as we observe them through our datasets and tools today. As the situation continues to evolve, and we see changes in flights and prices, we will update these insights on a biweekly basis on this webpage.
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March 24, 2020 | The crisis generated by the outbreak of the COVID-19 is unprecedented and requires extraordinary thoughts and measures in a period of high uncertainty. Read the message from our CEO.